MobiKwik Adds Six Currencies to Digital Foreign Exchange
MobiKwik has expanded its digital foreign exchange service to include six currencies, enabling users to access forex for overseas needs. The company's FX Retail service, launched at the Global Fintech Fest in 2025 with US dollars as the sole currency, now supports UAE dirham (AED), Canadian dollar (CAD), British pound (GBP), euro (EUR), and Swiss franc (CHF).
Through its app, users can digitally book foreign currency, top up forex cards, and remit funds overseas. Currency notes can be collected through branches, while remittances are processed through bank redirection and branch channels.
The service is powered by NPCI Bharat BillPay Limited (NBBL) in collaboration with the Clearing Corporation of India Ltd. (CCIL). MobiKwik claims live bank-linked pricing, same-day fulfilment, subject to regulatory requirements and service conditions.
Resident individuals can access the service after PAN and primary-account-holder validation, with a transaction limit of up to $3,000 equivalent for currency notes and up to $10,000 equivalent for card and remittance services. Equivalent limits apply across supported currencies.